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Fraser Valley Real Estate Board
    Monthly Statistics Package
                     October 2011
News Release
Fraser Valley Real Estate Board
For Immediate Release:  Nov. 2, 2011 

Advantage buyers… in Fraser Valley’s housing market                                                              
SURREY, BC – Below average home sales combined with a regular influx of new listings continue to give 
buyers the upper hand in communities south of the Fraser River, including Mission. However, according 
to the president of the Fraser Valley Real Estate Board, Sukh Sidhu, “There is action when the property is 
competitively priced. 
 
“It is not a quiet market. Priced‐right properties are selling thanks to the continuation of low interest 
rates.” Sidhu adds, “What’s happening is that there is a large amount of inventory available in the Fraser 
Valley, in particular with condos and townhomes, and that’s what’s holding prices in check.”    
 
The Fraser Valley Real Estate Board processed 1,139 sales in October on its Multiple Listing Service® 
(MLS®), an increase of 12 per cent compared to the 1,014 sales during the same month last year and a 
decrease of 2 per cent compared to 1,165 sales in September.  
 
In terms of listings, the board posted 2,511 new properties in October, an increase of 18 per cent 
compared to October of last year and a decrease of 5 per cent compared to September. The number of 
active listings in the Fraser Valley dipped in October, going from 10,096 in September to 10,005.     
 
Sidhu says, “The good news for sellers is that although inventory is high, it’s not near record highs and 
sales remain steady. This is why the overall benchmark price for residential properties has remained 
unchanged for six months.”  
 
The benchmark price (the price of homes with characteristics typical to that area) of a single family 
detached home in the Fraser Valley in October was $530,335, an increase of 4.9 per cent compared to 
$505,759 in October 2010 and on par with the price in September.  
 
For townhouses, the benchmark price in October was $325,482, an increase of 2 per cent compared to 
the same month last year when it was $319,058 and down 0.6 per cent compared to September. The 
benchmark price of apartments in October was $243,725, an increase of 1.3 per cent compared to 
October 2010 and on par with the price in September.  
 
The average number of days to sell a Fraser Valley home varies depending on the property type.  Sidhu 
says the average of 45 days to sell a single family detached home has been constant for three months.  
In October, townhomes took on average 55 days to sell and apartments 75 days. 
 
                                                    —30 — 

           The Fraser Valley Real Estate Board is an association of 2,903 real estate professionals who live 
        and work in the BC communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission. 
                                 The FVREB marks its 90‐year anniversary this year.  



Contact
Laurie Dawson, Communications Coordinator                                            laurie.dawson@fvreb.bc.ca 
Fraser Valley Real Estate Board                                                         Telephone 604.930.7657 
                                                                                               Fax 604.930.7623 
                                                                                                www.fvreb.bc.ca 
MLS® Summary - Fraser Valley
                                  October 2011
                                                       All Property Types                                                                                                    All Property Types
Grand Totals                         Oct-11      Oct-10     % change    Sept-11      % change                               Grand Totals - year to date               2011           2010        % change
Sales                                   1,139       1,014      12.3%         1,165       -2.2%                              Sales - year to date                       13,531         12,922          4.7%
New Listings                            2,511       2,125      18.2%         2,651       -5.3%                              New Listings - year to date                28,533         28,559         -0.1%
Active Listings                       10,005        9,561       4.6%        10,096       -0.9%
Average Price                      $ 476,261    $ 448,190       6.3% $ 495,811           -3.9%


                                                            Detached                                                        Townhouse                                                            Apartment
Residential Totals                   Oct-11      Oct-10     % change    Sept-11      % change    Oct-11        Oct-10        % change      Sept-11        % change    Oct-11        Oct-10       % change    Sept-11    % change
Sales                                    573         509       12.6%          619        -7.4%       219           186           17.7%             210        4.3%        209           188          11.2%       184       13.6%
New Listings                            1,137       1,003      13.4%         1,257       -9.5%       400           319           25.4%             441        -9.3%       470           424          10.8%       491        -4.3%
Active Listings                         4,111       4,048       1.6%         4,165       -1.3%     1,351          1,174          15.1%         1,396          -3.2%     1,841          1,752          5.1%      1,867       -1.4%
Benchmark Price                    $ 530,335    $ 505,759       4.9% $ 530,321           0.0% $ 325,482       $ 319,058            2.0% $ 327,546             -0.6% $ 243,725      $ 240,542          1.3% $ 243,420        0.1%
Median Price                       $ 527,250    $ 524,000       0.6% $ 538,169           -2.0% $ 338,000      $ 330,000            2.4% $ 335,000             0.9% $ 213,783       $ 207,500          3.0% $ 209,100        2.2%
Average Price                      $ 605,027    $ 575,310       5.2% $ 594,476           1.8% $ 355,362       $ 338,773            4.9% $ 341,495             4.1% $ 229,669       $ 213,890          7.4% $ 233,158        -1.5%




                                                            Detached                                                        Townhouse                                                            Apartment
Abbotsford                           Oct-11      Oct-10     % change    Sept-11      % change    Oct-11        Oct-10        % change      Sept-11        % change    Oct-11        Oct-10       % change    Sept-11    % change
Sales
S                                          67         63        6.3%
                                                                   %           93       -28.0%
                                                                                             %        35            25           40.0%
                                                                                                                                     %             26        34.6%
                                                                                                                                                                 %           31             45      -31.1%
                                                                                                                                                                                                         %        39       -20.5%
                                                                                                                                                                                                                                %
New Listings                             180         152       18.4%          165        9.1%         64            37           73.0%             47        36.2%           81         104         -22.1%        87        -6.9%
Active Listings                          723         644       12.3%          725        -0.3%       195           171           14.0%             204        -4.4%       355           396         -10.4%       364        -2.5%
Benchmark Price                    $ 422,894    $ 430,085       -1.7% $ 425,012          -0.5% $ 268,487      $ 278,057           -3.4% $ 273,629             -1.9% $ 209,252      $ 215,194         -2.8% $ 210,840        -0.8%
Median Price                       $ 415,000    $ 435,000       -4.6% $ 428,500          -3.2% $ 251,000      $ 263,000           -4.6% $ 266,064             -5.7% $ 173,000      $ 157,000         10.2% $ 163,973        5.5%
Average Price                      $ 434,324    $ 463,065       -6.2% $ 443,420          -2.1% $ 263,532      $ 270,140           -2.4% $ 300,806            -12.4% $ 168,399      $ 173,606         -3.0% $ 164,015        2.7%


                                                            Detached                                                        Townhouse                                                            Apartment
Mission                              Oct-11      Oct-10     % change    Sept-11      % change    Oct-11        Oct-10        % change      Sept-11        % change    Oct-11        Oct-10       % change    Sept-11    % change
Sales                                      41         37       10.8%           28       46.4%             2             5        -60.0%             4        -50.0%            2             1      100.0%         5       -60.0%
New Listings                               89         69       29.0%           87        2.3%             5             4        25.0%              3        66.7%             4             4        0.0%         6       -33.3%
Active Listings                          412         349       18.1%          405        1.7%         31            26           19.2%             28        10.7%           31             38      -18.4%        34        -8.8%
Benchmark Price                    $ 347,497    $ 348,806       -0.4% $ 346,128          0.4%
Median Price                       $ 339,000    $ 350,000       -3.1% $ 318,000          6.6% $ 190,000       $ 247,500          -23.2% $ 235,000            -19.1% $ 154,000      $ 200,000        -23.0% $ 171,500       -10.2%
Average Price                      $ 346,643    $ 373,429       -7.2% $ 345,241          0.4% $ 197,500       $ 286,780          -31.1% $ 232,100            -14.9% $ 182,000      $ 200,000         -9.0% $ 181,310        0.4%




     Source: Fraser Valley Real Estate Board                                                                                                                                                          MLS Summary Page 1 of 3
Detached                                                Townhouse                                                    Apartment
White Rock / South Surrey            Oct-11      Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change    Oct-11        Oct-10       % change    Sept-11   % change
Sales                                      97         94        3.2%        102       -4.9%        43         26        65.4%        28      53.6%         42            35          20.0%        34       23.5%
New Listings                             155         130       19.2%        228      -32.0%        63         44        43.2%        77      -18.2%       103            80          28.8%        96        7.3%
Active Listings                          604         505       19.6%        636       -5.0%       186        140        32.9%       199       -6.5%       391           327          19.6%       401       -2.5%
Benchmark Price                    $ 872,987    $ 719,607      21.3% $ 883,468        -1.2% $ 475,553   $ 450,288        5.6% $ 483,320       -1.6% $ 310,636      $ 304,019          2.2% $ 304,998        1.8%
Median Price                       $ 835,000    $ 735,000      13.6% $ 770,000        8.4% $ 417,500    $ 430,000       -2.9% $ 445,900       -6.4% $ 275,000      $ 267,500          2.8% $ 294,000       -6.5%
Average Price                      $ 977,913    $ 839,452      16.5% $ 917,244        6.6% $ 485,022    $ 455,578        6.5% $ 463,899       4.6% $ 296,998       $ 292,874          1.4% $ 348,652      -14.8%


                                                            Detached                                                Townhouse                                                    Apartment
Langley                              Oct-11      Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change    Oct-11        Oct-10       % change    Sept-11   % change
Sales                                      96         68       41.2%        112      -14.3%        28         33       -15.2%        36      -22.2%        44            29          51.7%        30       46.7%
New Listings                             158         164        -3.7%       194      -18.6%        79         55        43.6%        91      -13.2%        67            69          -2.9%        67        0.0%
Active Listings                          535         560        -4.5%       573       -6.6%       272        241        12.9%       264       3.0%        283           253          11.9%       291       -2.7%
Benchmark Price                    $ 517,530    $ 508,885       1.7% $ 531,248        -2.6% $ 324,219   $ 314,973        2.9% $ 325,855       -0.5% $ 236,286      $ 241,148         -2.0% $ 243,392       -2.9%
Median Price                       $ 522,500    $ 520,000       0.5% $ 549,000        -4.8% $ 340,000   $ 326,000        4.3% $ 325,951       4.3% $ 213,783       $ 198,500          7.7% $ 219,900       -2.8%
Average Price                      $ 561,052    $ 555,230       1.0% $ 566,752        -1.0% $ 348,594   $ 333,187        4.6% $ 324,953       7.3% $ 226,200       $ 204,272         10.7% $ 227,864       -0.7%


                                                            Detached                                                Townhouse                                                    Apartment
Delta - North                        Oct-11
                                     O           O
                                                 Oct-10     % change    Sept-11
                                                                        S         % change    Oct-11
                                                                                              O          Oct-10
                                                                                                         O          % change    Sept-11
                                                                                                                                S         % change    Oct-11
                                                                                                                                                      O             Oct-10
                                                                                                                                                                    O            % change    Sept-11
                                                                                                                                                                                             S         % change
Sales                                      43         30       43.3%         42       2.4%         10         12       -16.7%         5     100.0%             4             1      300.0%         1     300.0%
New Listings                               75         56       33.9%         83       -9.6%        11         19       -42.1%        10        10%             6             8      -25.0%         8      -25.0%
Active Listings                          195         186        4.8%        198       -1.5%        21         39       -46.2%        23       -8.7%        32            27          18.5%        33       -3.0%
Benchmark Price                    $ 551,440    $ 510,163       8.1% $ 536,958        2.7%
Median Price                       $ 500,000    $ 502,500       -0.5% $ 494,000       1.2%    363,000     412,500      -12.0%   315,000      15.2% $ 213,500       $ 205,000          4.1% $ 230,000       -7.2%
Average Price                      $ 559,932    $ 541,572       3.4% $ 530,619        5.5%    382,350     436,783      -12.5%   360,980       5.9% $ 227,000       $ 205,000         10.7% $ 230,000       -1.3%




     Source: Fraser Valley Real Estate Board                                                                                                                                          MLS Summary Page 2 of 3
Detached                                                Townhouse                                               Apartment
Surrey - Combined*                    Oct-11     Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change
Sales                                     229        217        5.5%        242       -5.4%       101         85        18.8%       111       -9.0%        86         77        11.7%        75       14.7%
Average Price                      $ 570,186    $ 538,854       5.8% $ 569,236        0.2% $ 334,312    $ 314,621        6.3% $ 328,579       1.7% $ 221,881    $ 205,450        8.0% $ 222,373       -0.2%
*Central Surrey, Cloverdale and North Surrey


                                                            Detached                                                Townhouse                                               Apartment
Surrey - Central                      Oct-11     Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change
Sales                                     125        102       22.5%        139      -10.1%        61         48        27.1%        71      -14.1%        25         20        25.0%        16       56.3%
New Listings                              281        232       21.1%        279       0.7%        117         76        53.9%       134      -12.7%        64         44        45.5%        66       -3.0%
Active Listings                           953       1,023       -6.8%       934       2.0%        366        298        22.8%       375       -2.4%       225        179        25.7%       219        2.7%
Benchmark Price                    $ 548,132    $ 529,296       3.6% $ 544,281        0.7% $ 325,512    $ 321,300        1.3% $ 326,816       -0.4%
Median Price                       $ 527,250    $ 516,000       2.2% $ 545,500        -3.3% $ 336,100   $ 325,000        3.4% $ 337,927       -0.5% $ 196,000   $ 215,000       -8.8% $ 206,000       -4.9%
Average Price                      $ 573,221    $ 540,025       6.1% $ 564,734        1.5% $ 341,890    $ 326,729        4.6% $ 337,973       1.2% $ 205,621    $ 207,400       -0.9% $ 213,018       -3.5%


                                                            Detached                                                Townhouse                                               Apartment
Surrey - Cloverdale                   Oct-11     Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change
Sales                                      48         50        -4.0%        35      37.1%         27         21        28.6%        29       -6.9%        17         10        70.0%        16        6.3%
New Listings                               95         89        6.7%         92       3.3%         37         51       -27.5%        56      -33.9%        33         21        57.1%        41      -19.5%
Active Listings                           296        312        -5.1%
                                                                    %       290       2.1%
                                                                                         %        186        157        18.5%
                                                                                                                            %       203       -8.4%
                                                                                                                                                  %        98         95         3.2%
                                                                                                                                                                                    %        98        0.0%
                                                                                                                                                                                                          %
Benchmark Price                    $ 555,806    $ 534,952       3.9% $ 557,273        -0.3%
Median Price                       $ 529,000    $ 539,900       -2.0% $ 518,692       2.0% $ 329,900    $ 313,000        5.4% $ 320,000       3.1% $ 227,000    $ 226,000        0.4% $ 230,893       -1.7%
Average Price                      $ 541,299    $ 549,988       -1.6% $ 608,072      -11.0% $ 337,351   $ 326,259        3.4% $ 323,452       4.3% $ 258,855    $ 207,113       25.0% $ 272,321       -4.9%


                                                            Detached                                                Townhouse                                               Apartment
Surrey - North                        Oct-11     Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change    Oct-11     Oct-10     % change    Sept-11   % change
Sales                                      56         65       -13.8%        68      -17.6%        13         16       -18.8%        11      18.2%         44         47        -6.4%        43        2.3%
New Listings                              104        111        -6.3%       128      -18.8%        24         33       -27.3%        23       4.3%        112         93        20.4%       120       -6.7%
Active Listings                           390        464       -15.9%       401       -2.7%        94        102        -7.8%       100       -6.0%       423        434        -2.5%       423        0.0%
Benchmark Price                    $ 507,330    $ 478,018       6.1% $ 499,917        1.5% $ 301,492    $ 272,283       10.7% $ 293,204       2.8% $ 245,128    $ 229,193        7.0% $ 240,761        1.8%
Median Price                       $ 500,000    $ 459,000       8.9% $ 495,000        1.0% $ 300,000    $ 245,000       22.4% $ 246,000      22.0% $ 212,663    $ 200,000        6.3% $ 203,000        4.8%
Average Price                      $ 588,171    $ 528,451      11.3% $ 558,448        5.3% $ 292,442    $ 263,018       11.2% $ 281,454       3.9% $ 216,834    $ 204,265        6.2% $ 207,267        4.6%




     Source: Fraser Valley Real Estate Board                                                                                                                                     MLS Summary Page 3 of 3
Housing Price Index - Fraser Valley
                 October 2011
                                                                           BENCHMARK             INDEX    ONE MONTH    THREE MONTH    SIX MONTH    ONE YEAR    THREE YEAR       FIVE YEAR
                                                                                   PRICE          (HPI)   % CHANGE       % CHANGE     % CHANGE     % CHANGE     % CHANGE       % CHANGE


RESIDENTIAL      FRASER VALLEY BOARD                                              464,850        227.4          -0.4           -1.1         0.0          3.4           5.8            11.9


DETACHED         FRASER VALLEY BOARD                                              530,335        226.0          0.0            -0.7         0.9          4.9           8.5            14.1


                 NORTH DELTA                                                      551,440        243.0          2.7            2.4          0.8          8.1          17.2            18.0
                   NORTH DELTA ANNIEVILLE                                         484,183        239.7          1.6            1.8          2.6         11.8          10.5            17.0
                   NORTH DELTA NORDEL                                             559,748        240.9          4.4            5.3          -3.9         2.4          24.3            19.1
                   NORTH DELTA SCOTTSDALE                                         504,502        251.2          0.3            0.0          0.4          5.8          21.1            22.0
                   NORTH DELTA SUNSHINE HILLS & WOODS                             659,364        232.2          4.4            2.5          4.1         12.8          13.2            14.1


                 NORTH SURREY                                                     507,330        220.7          1.5            -1.2         -0.1         6.1           7.8            13.1
                   NORTH SURREY BOLIVAR HEIGHTS                                   427,687        216.7          4.6            0.7          3.2         12.0           6.0            10.7
                   NORTH SURREY CEDAR HILLS                                       452,727        237.9          1.9            3.2          -0.8         1.3          12.3            12.5
                   NORTH SURREY FRASER HEIGHTS                                    689,979        205.1          -2.4           -5.5         -4.0         0.2           6.4            17.0
                   NORTH SURREY GUILDFORD                                         518,689        237.1          -0.8           -0.6         0.8          9.0          17.2            12.0
                   NORTH SURREY OTHER                                             424,624        220.7          5.3            -0.8         2.1         10.5           2.0            11.6


                 SURREY                                                           548,132        227.8          0.7            -0.8         1.0          3.6          11.3            14.1
                   SURREY BEAR CREEK GREEN TIMBERS                                542,257        219.7          -2.2           -0.8         3.7          2.3           8.4            12.2
                   SURREY EAST NEWTON                                             520,732        225.2          0.0            -0.8         2.0          3.6          10.3            12.1
                   SURREY FLEETWOOD TYNEHEAD                                      595,853        221.7          0.9            -3.7         -3.3         2.1          13.9            14.2
                   SURREY PANORAMA RIDGE SULLIVAN                                 601,081        218.6          0.5            0.1          2.0          0.6           1.0            10.3
                   SURREY QUEEN MARY PARK                                         502,538        235.6          4.5            2.4          4.9          8.7          17.6            16.8
                   SURREY WEST NEWTON                                             515,880        229.8          0.8            -0.1         -0.4         4.8          14.0            18.0
                 CLOVERDALE                                                       555,806        218.5          -0.3           -0.5         -0.9         3.9           4.1            18.8


                 SOUTH SURREY & WHITE ROCK                                        872,987        264.8          -1.2           -0.6         8.4         21.3          22.5            29.6
                   SOUTH SURREY CRESCENT BCH OCEAN PRK                            999,939        323.3          7.5            6.8         19.6         43.4          27.8            52.5
                   SOUTH SURREY ELGIN CHANTRELL                                 1,397,305        277.7          -9.9           0.8          -2.8        16.3          36.2            39.0
                   SOUTH SURREY KING GEORGE CORRIDOR                              645,269        242.6          -0.6           6.0         11.1         21.6          29.9            22.1
                   SOUTH SURREY SOUTH-EAST                                      1,099,114        239.0          -3.2           -3.4         6.3         14.0          10.5            22.3
                   SOUTH SURREY SUNNYSIDE PARK                                    813,913        245.5          -3.2           -2.1         7.7         17.2          16.8            25.6
                   SOUTH SURREY WHITE ROCK                                        712,616        243.4          -2.0          -10.8         4.4         10.8          13.2            16.1


                 LANGLEY                                                          517,530        209.8          -2.6           -0.8         0.1          1.7           6.2            10.6
                   LANGLEY ALDERGROVE                                             422,899        213.7          -5.3           0.9          0.6          7.1           8.9             6.0
                   LANGLEY CITY MURRYVL WILLOBY BRKSWD                            534,240        225.1          -2.7           -0.9         0.0          2.7           4.5            12.8
                   LANGLEY WALNUT GROVE                                           544,328        195.6          -0.8           -1.5         0.0         -2.8           7.9             9.4


   © Fraser Valley Real Estate Board
   All indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001                                                                   HPI Summary Page 1 of 2
Housing Price Index - Fraser Valley
                  October 2011
                                                                            BENCHMARK             INDEX    ONE MONTH    THREE MONTH    SIX MONTH    ONE YEAR    THREE YEAR       FIVE YEAR
                                                                                    PRICE          (HPI)   % CHANGE       % CHANGE     % CHANGE     % CHANGE     % CHANGE       % CHANGE


DETACHED          ABBOTSFORD                                                       422,894        212.4          -0.5           -1.3         -1.3        -1.7           0.7             7.8
continued           ABBOTSFORD CENTRAL POPLAR                                      372,683        210.0           0.2           -4.2         -3.5        -1.1           0.7             7.7
                    ABBOTSFORD EAST                                                458,056        209.5          -2.1           -0.8         -0.7        -4.8          -1.6             7.2
                    ABBOTSFORD WEST                                                417,818        216.4           0.8           -0.1         -0.7         1.4           3.2             8.6


                  MISSION                                                          347,497        206.2           0.4           -1.9         -1.1        -0.4          -5.6             4.5



TOWNHOUSE         FRASER VALLEY BOARD                                              325,482        206.9          -0.6           -0.9         -2.3         2.0           2.0             9.1


                  NORTH SURREY GUILDFORD                                           301,492        258.4           2.8            8.8         3.5         10.7           2.4            16.4
                  SURREY                                                           325,512        202.1          -0.4           -2.1         -5.2         1.3           2.1            11.1
                    SURREY FLEETWOOD                                               367,924        196.3          -3.2           -2.3         -3.7        -0.3           5.2            10.8
                    SURREY OTHER                                                   308,371        204.6           0.9           -2.1         -5.8         2.0           0.7            11.2
                  SOUTH SURREY & WHITE ROCK                                        475,553        201.0          -1.6           -1.5         -1.2         5.6           7.5            14.4
                  LANGLEY                                                          324,219        205.8          -0.5           -1.2         -2.6         2.9           1.9             9.4
                  ABBOTSFORD                                                       268,487        198.3          -1.9           -2.2         -0.8        -3.4          -1.4             0.3



APARTMENT         FRASER VALLEY BOARD                                              243,725        263.0           0.1           -1.7         -3.5         1.3          -0.8             7.8


                  NORTH SURREY                                                     245,128        286.5           1.8           -0.7         0.0          7.0           0.7            11.6
                    NORTH SURREY WHALLEY                                           250,364        316.0           1.8           -1.2         3.1         12.2           8.9             9.2
                    NORTH SURREY GUILDFORD                                         240,645        262.2           1.8           -0.3         -2.6         2.5          -6.0            13.8
                  SOUTH SURREY WHITE ROCK                                          310,636        228.1           1.8           -1.5         -3.2         2.2          -7.1             5.8
                  LANGLEY                                                          236,286        232.0          -2.9            2.0         -3.7        -2.0           1.9             8.1
                  ABBOTSFORD                                                       209,252        287.4          -0.8           -5.4         -7.3        -2.8           0.4             4.9



ACREAGE           FRASER VALLEY BOARD                                              822,323        243.2          -5.5           -4.6         1.7         -4.2          -1.2             3.4


                  SURREY, CLOVERDALE & N. SURREY                                 1,057,650        297.5          14.7            2.0        22.0          1.3           2.5            45.0
                  SOUTH SURREY & WHITE ROCK                                      1,370,278        346.6          11.4            4.5        27.8         12.1          28.7            55.6
                  LANGLEY                                                          859,713        247.2          -7.4           -1.5         -5.7        -6.4           4.2             -2.4
                  ABBOTSFORD                                                       892,852        253.2         -15.3           40.1        16.5         12.2           0.2             0.8
                  MISSION                                                          414,978        167.4         -18.0          -40.4        -20.8       -22.7         -27.9            -31.0




    © Fraser Valley Real Estate Board
    All indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001                                                                   HPI Summary Page 2 of 2
Sales, Listings & Active Inventory, All Types, Fraser Valley

                                       Actives    Listings          Sales


14,000



12,000



10,000



 8,000



 6,000
 6 000



 4,000



 2,000



    0
         2000



                2001



                       2002



                                2003



                                         2004



                                                 2005



                                                             2006



                                                                        2007



                                                                               2008



                                                                                      2009



                                                                                             2010



                                                                                                    2011
            0




                          2



                                   3



                                            4



                                                    5



                                                                6



                                                                           7



                                                                                  8



                                                                                         9



                                                                                                0
Sales-to-Active Listings Ratio, All Types, Fraser Valley


45


40


35


30
            Sellers Market

25


20          Balanced Market
            B l    dM k t

15


10
                                                                          Ratio in
5
            Buyers Market                                                 Oct: 11%

0
     2000




                 2001




                             2002




                                         2003




                                                 2004




                                                         2005




                                                                 2006




                                                                         2007




                                                                                 2008




                                                                                         2009




                                                                                                2010




                                                                                                       2011
Housing Price Index, Fraser Valley
                                                                  HPI - Detached          HPI -Townhouse          HPI - Apartment




                            300

                            275

                            250

                            225
                       ue




                            200
Housing Price Index valu




                            175

                            150
        P




                            125

                            100

                             75

                             50

                             25

                              0
                                  2000




                                         2001




                                                2002




                                                       2003




                                                               2004




                                                                                   2005




                                                                                              2006




                                                                                                           2007




                                                                                                                              2008




                                                                                                                                     2009




                                                                                                                                            2010




                                                                                                                                                   2011
Benchmark Price, By Type, Fraser Valley
                                          Apartment          Townhouse          Detached




$600,000




$500,000




$400,000




$300,000
$300 000




$200,000




$100,000




     $0
           2000



                  2001



                         2002



                                   2003



                                            2004



                                                      2005



                                                                         2006



                                                                                   2007



                                                                                           2008



                                                                                                  2009



                                                                                                         2010



                                                                                                                2011
$




   $0
        $100,000
                   $200,000
                              $300,000
                                         $400,000
                                                    $500,000
                                                               $600,000
                                                                          $700,000
1979


1980


1981


1982


1983


1984


1985


1986


1987


1988


1989


1990


1991


1992


1993


1994


1995


1996


1997


1998


1999


2000


2001


2002


2003
                                                                                     Average Price, residential detached homes, all Fraser Valley




2004


2005


2006


2007


2008


2009


2010


2011
Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley

                                             Sales     New Listings    Average Price


40 000
40,000                                                                                                              $500 000
                                                                                                                    $500,000


                                                                                                                    $450,000
35,000

                                                                                                                    $400,000
30,000
                                                                                                                    $350,000

25,000
                                                                                                                    $300 000
                                                                                                                    $300,000


20,000                                                                                                              $250,000


                                                                                                                    $200,000
15 000
15,000

                                                                                                                    $150,000
10,000
                                                                                                                    $100 000
                                                                                                                    $100,000

 5,000
                                                                                                                    $50,000


    -                                                                                                               $-
         1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

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Stats oct 11

  • 1.           Fraser Valley Real Estate Board Monthly Statistics Package October 2011
  • 2. News Release Fraser Valley Real Estate Board For Immediate Release:  Nov. 2, 2011  Advantage buyers… in Fraser Valley’s housing market    SURREY, BC – Below average home sales combined with a regular influx of new listings continue to give  buyers the upper hand in communities south of the Fraser River, including Mission. However, according  to the president of the Fraser Valley Real Estate Board, Sukh Sidhu, “There is action when the property is  competitively priced.    “It is not a quiet market. Priced‐right properties are selling thanks to the continuation of low interest  rates.” Sidhu adds, “What’s happening is that there is a large amount of inventory available in the Fraser  Valley, in particular with condos and townhomes, and that’s what’s holding prices in check.”       The Fraser Valley Real Estate Board processed 1,139 sales in October on its Multiple Listing Service®  (MLS®), an increase of 12 per cent compared to the 1,014 sales during the same month last year and a  decrease of 2 per cent compared to 1,165 sales in September.     In terms of listings, the board posted 2,511 new properties in October, an increase of 18 per cent  compared to October of last year and a decrease of 5 per cent compared to September. The number of  active listings in the Fraser Valley dipped in October, going from 10,096 in September to 10,005.        Sidhu says, “The good news for sellers is that although inventory is high, it’s not near record highs and  sales remain steady. This is why the overall benchmark price for residential properties has remained  unchanged for six months.”     The benchmark price (the price of homes with characteristics typical to that area) of a single family  detached home in the Fraser Valley in October was $530,335, an increase of 4.9 per cent compared to  $505,759 in October 2010 and on par with the price in September.     For townhouses, the benchmark price in October was $325,482, an increase of 2 per cent compared to  the same month last year when it was $319,058 and down 0.6 per cent compared to September. The  benchmark price of apartments in October was $243,725, an increase of 1.3 per cent compared to  October 2010 and on par with the price in September.     The average number of days to sell a Fraser Valley home varies depending on the property type.  Sidhu  says the average of 45 days to sell a single family detached home has been constant for three months.   In October, townhomes took on average 55 days to sell and apartments 75 days.    —30 —  The Fraser Valley Real Estate Board is an association of 2,903 real estate professionals who live  and work in the BC communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission.  The FVREB marks its 90‐year anniversary this year.   Contact Laurie Dawson, Communications Coordinator    laurie.dawson@fvreb.bc.ca  Fraser Valley Real Estate Board    Telephone 604.930.7657      Fax 604.930.7623      www.fvreb.bc.ca 
  • 3. MLS® Summary - Fraser Valley October 2011 All Property Types All Property Types Grand Totals Oct-11 Oct-10 % change Sept-11 % change Grand Totals - year to date 2011 2010 % change Sales 1,139 1,014 12.3% 1,165 -2.2% Sales - year to date 13,531 12,922 4.7% New Listings 2,511 2,125 18.2% 2,651 -5.3% New Listings - year to date 28,533 28,559 -0.1% Active Listings 10,005 9,561 4.6% 10,096 -0.9% Average Price $ 476,261 $ 448,190 6.3% $ 495,811 -3.9% Detached Townhouse Apartment Residential Totals Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales 573 509 12.6% 619 -7.4% 219 186 17.7% 210 4.3% 209 188 11.2% 184 13.6% New Listings 1,137 1,003 13.4% 1,257 -9.5% 400 319 25.4% 441 -9.3% 470 424 10.8% 491 -4.3% Active Listings 4,111 4,048 1.6% 4,165 -1.3% 1,351 1,174 15.1% 1,396 -3.2% 1,841 1,752 5.1% 1,867 -1.4% Benchmark Price $ 530,335 $ 505,759 4.9% $ 530,321 0.0% $ 325,482 $ 319,058 2.0% $ 327,546 -0.6% $ 243,725 $ 240,542 1.3% $ 243,420 0.1% Median Price $ 527,250 $ 524,000 0.6% $ 538,169 -2.0% $ 338,000 $ 330,000 2.4% $ 335,000 0.9% $ 213,783 $ 207,500 3.0% $ 209,100 2.2% Average Price $ 605,027 $ 575,310 5.2% $ 594,476 1.8% $ 355,362 $ 338,773 4.9% $ 341,495 4.1% $ 229,669 $ 213,890 7.4% $ 233,158 -1.5% Detached Townhouse Apartment Abbotsford Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales S 67 63 6.3% % 93 -28.0% % 35 25 40.0% % 26 34.6% % 31 45 -31.1% % 39 -20.5% % New Listings 180 152 18.4% 165 9.1% 64 37 73.0% 47 36.2% 81 104 -22.1% 87 -6.9% Active Listings 723 644 12.3% 725 -0.3% 195 171 14.0% 204 -4.4% 355 396 -10.4% 364 -2.5% Benchmark Price $ 422,894 $ 430,085 -1.7% $ 425,012 -0.5% $ 268,487 $ 278,057 -3.4% $ 273,629 -1.9% $ 209,252 $ 215,194 -2.8% $ 210,840 -0.8% Median Price $ 415,000 $ 435,000 -4.6% $ 428,500 -3.2% $ 251,000 $ 263,000 -4.6% $ 266,064 -5.7% $ 173,000 $ 157,000 10.2% $ 163,973 5.5% Average Price $ 434,324 $ 463,065 -6.2% $ 443,420 -2.1% $ 263,532 $ 270,140 -2.4% $ 300,806 -12.4% $ 168,399 $ 173,606 -3.0% $ 164,015 2.7% Detached Townhouse Apartment Mission Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales 41 37 10.8% 28 46.4% 2 5 -60.0% 4 -50.0% 2 1 100.0% 5 -60.0% New Listings 89 69 29.0% 87 2.3% 5 4 25.0% 3 66.7% 4 4 0.0% 6 -33.3% Active Listings 412 349 18.1% 405 1.7% 31 26 19.2% 28 10.7% 31 38 -18.4% 34 -8.8% Benchmark Price $ 347,497 $ 348,806 -0.4% $ 346,128 0.4% Median Price $ 339,000 $ 350,000 -3.1% $ 318,000 6.6% $ 190,000 $ 247,500 -23.2% $ 235,000 -19.1% $ 154,000 $ 200,000 -23.0% $ 171,500 -10.2% Average Price $ 346,643 $ 373,429 -7.2% $ 345,241 0.4% $ 197,500 $ 286,780 -31.1% $ 232,100 -14.9% $ 182,000 $ 200,000 -9.0% $ 181,310 0.4% Source: Fraser Valley Real Estate Board MLS Summary Page 1 of 3
  • 4. Detached Townhouse Apartment White Rock / South Surrey Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales 97 94 3.2% 102 -4.9% 43 26 65.4% 28 53.6% 42 35 20.0% 34 23.5% New Listings 155 130 19.2% 228 -32.0% 63 44 43.2% 77 -18.2% 103 80 28.8% 96 7.3% Active Listings 604 505 19.6% 636 -5.0% 186 140 32.9% 199 -6.5% 391 327 19.6% 401 -2.5% Benchmark Price $ 872,987 $ 719,607 21.3% $ 883,468 -1.2% $ 475,553 $ 450,288 5.6% $ 483,320 -1.6% $ 310,636 $ 304,019 2.2% $ 304,998 1.8% Median Price $ 835,000 $ 735,000 13.6% $ 770,000 8.4% $ 417,500 $ 430,000 -2.9% $ 445,900 -6.4% $ 275,000 $ 267,500 2.8% $ 294,000 -6.5% Average Price $ 977,913 $ 839,452 16.5% $ 917,244 6.6% $ 485,022 $ 455,578 6.5% $ 463,899 4.6% $ 296,998 $ 292,874 1.4% $ 348,652 -14.8% Detached Townhouse Apartment Langley Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales 96 68 41.2% 112 -14.3% 28 33 -15.2% 36 -22.2% 44 29 51.7% 30 46.7% New Listings 158 164 -3.7% 194 -18.6% 79 55 43.6% 91 -13.2% 67 69 -2.9% 67 0.0% Active Listings 535 560 -4.5% 573 -6.6% 272 241 12.9% 264 3.0% 283 253 11.9% 291 -2.7% Benchmark Price $ 517,530 $ 508,885 1.7% $ 531,248 -2.6% $ 324,219 $ 314,973 2.9% $ 325,855 -0.5% $ 236,286 $ 241,148 -2.0% $ 243,392 -2.9% Median Price $ 522,500 $ 520,000 0.5% $ 549,000 -4.8% $ 340,000 $ 326,000 4.3% $ 325,951 4.3% $ 213,783 $ 198,500 7.7% $ 219,900 -2.8% Average Price $ 561,052 $ 555,230 1.0% $ 566,752 -1.0% $ 348,594 $ 333,187 4.6% $ 324,953 7.3% $ 226,200 $ 204,272 10.7% $ 227,864 -0.7% Detached Townhouse Apartment Delta - North Oct-11 O O Oct-10 % change Sept-11 S % change Oct-11 O Oct-10 O % change Sept-11 S % change Oct-11 O Oct-10 O % change Sept-11 S % change Sales 43 30 43.3% 42 2.4% 10 12 -16.7% 5 100.0% 4 1 300.0% 1 300.0% New Listings 75 56 33.9% 83 -9.6% 11 19 -42.1% 10 10% 6 8 -25.0% 8 -25.0% Active Listings 195 186 4.8% 198 -1.5% 21 39 -46.2% 23 -8.7% 32 27 18.5% 33 -3.0% Benchmark Price $ 551,440 $ 510,163 8.1% $ 536,958 2.7% Median Price $ 500,000 $ 502,500 -0.5% $ 494,000 1.2% 363,000 412,500 -12.0% 315,000 15.2% $ 213,500 $ 205,000 4.1% $ 230,000 -7.2% Average Price $ 559,932 $ 541,572 3.4% $ 530,619 5.5% 382,350 436,783 -12.5% 360,980 5.9% $ 227,000 $ 205,000 10.7% $ 230,000 -1.3% Source: Fraser Valley Real Estate Board MLS Summary Page 2 of 3
  • 5. Detached Townhouse Apartment Surrey - Combined* Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales 229 217 5.5% 242 -5.4% 101 85 18.8% 111 -9.0% 86 77 11.7% 75 14.7% Average Price $ 570,186 $ 538,854 5.8% $ 569,236 0.2% $ 334,312 $ 314,621 6.3% $ 328,579 1.7% $ 221,881 $ 205,450 8.0% $ 222,373 -0.2% *Central Surrey, Cloverdale and North Surrey Detached Townhouse Apartment Surrey - Central Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales 125 102 22.5% 139 -10.1% 61 48 27.1% 71 -14.1% 25 20 25.0% 16 56.3% New Listings 281 232 21.1% 279 0.7% 117 76 53.9% 134 -12.7% 64 44 45.5% 66 -3.0% Active Listings 953 1,023 -6.8% 934 2.0% 366 298 22.8% 375 -2.4% 225 179 25.7% 219 2.7% Benchmark Price $ 548,132 $ 529,296 3.6% $ 544,281 0.7% $ 325,512 $ 321,300 1.3% $ 326,816 -0.4% Median Price $ 527,250 $ 516,000 2.2% $ 545,500 -3.3% $ 336,100 $ 325,000 3.4% $ 337,927 -0.5% $ 196,000 $ 215,000 -8.8% $ 206,000 -4.9% Average Price $ 573,221 $ 540,025 6.1% $ 564,734 1.5% $ 341,890 $ 326,729 4.6% $ 337,973 1.2% $ 205,621 $ 207,400 -0.9% $ 213,018 -3.5% Detached Townhouse Apartment Surrey - Cloverdale Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales 48 50 -4.0% 35 37.1% 27 21 28.6% 29 -6.9% 17 10 70.0% 16 6.3% New Listings 95 89 6.7% 92 3.3% 37 51 -27.5% 56 -33.9% 33 21 57.1% 41 -19.5% Active Listings 296 312 -5.1% % 290 2.1% % 186 157 18.5% % 203 -8.4% % 98 95 3.2% % 98 0.0% % Benchmark Price $ 555,806 $ 534,952 3.9% $ 557,273 -0.3% Median Price $ 529,000 $ 539,900 -2.0% $ 518,692 2.0% $ 329,900 $ 313,000 5.4% $ 320,000 3.1% $ 227,000 $ 226,000 0.4% $ 230,893 -1.7% Average Price $ 541,299 $ 549,988 -1.6% $ 608,072 -11.0% $ 337,351 $ 326,259 3.4% $ 323,452 4.3% $ 258,855 $ 207,113 25.0% $ 272,321 -4.9% Detached Townhouse Apartment Surrey - North Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Oct-11 Oct-10 % change Sept-11 % change Sales 56 65 -13.8% 68 -17.6% 13 16 -18.8% 11 18.2% 44 47 -6.4% 43 2.3% New Listings 104 111 -6.3% 128 -18.8% 24 33 -27.3% 23 4.3% 112 93 20.4% 120 -6.7% Active Listings 390 464 -15.9% 401 -2.7% 94 102 -7.8% 100 -6.0% 423 434 -2.5% 423 0.0% Benchmark Price $ 507,330 $ 478,018 6.1% $ 499,917 1.5% $ 301,492 $ 272,283 10.7% $ 293,204 2.8% $ 245,128 $ 229,193 7.0% $ 240,761 1.8% Median Price $ 500,000 $ 459,000 8.9% $ 495,000 1.0% $ 300,000 $ 245,000 22.4% $ 246,000 22.0% $ 212,663 $ 200,000 6.3% $ 203,000 4.8% Average Price $ 588,171 $ 528,451 11.3% $ 558,448 5.3% $ 292,442 $ 263,018 11.2% $ 281,454 3.9% $ 216,834 $ 204,265 6.2% $ 207,267 4.6% Source: Fraser Valley Real Estate Board MLS Summary Page 3 of 3
  • 6. Housing Price Index - Fraser Valley October 2011 BENCHMARK INDEX ONE MONTH THREE MONTH SIX MONTH ONE YEAR THREE YEAR FIVE YEAR PRICE (HPI) % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE RESIDENTIAL FRASER VALLEY BOARD 464,850 227.4 -0.4 -1.1 0.0 3.4 5.8 11.9 DETACHED FRASER VALLEY BOARD 530,335 226.0 0.0 -0.7 0.9 4.9 8.5 14.1 NORTH DELTA 551,440 243.0 2.7 2.4 0.8 8.1 17.2 18.0 NORTH DELTA ANNIEVILLE 484,183 239.7 1.6 1.8 2.6 11.8 10.5 17.0 NORTH DELTA NORDEL 559,748 240.9 4.4 5.3 -3.9 2.4 24.3 19.1 NORTH DELTA SCOTTSDALE 504,502 251.2 0.3 0.0 0.4 5.8 21.1 22.0 NORTH DELTA SUNSHINE HILLS & WOODS 659,364 232.2 4.4 2.5 4.1 12.8 13.2 14.1 NORTH SURREY 507,330 220.7 1.5 -1.2 -0.1 6.1 7.8 13.1 NORTH SURREY BOLIVAR HEIGHTS 427,687 216.7 4.6 0.7 3.2 12.0 6.0 10.7 NORTH SURREY CEDAR HILLS 452,727 237.9 1.9 3.2 -0.8 1.3 12.3 12.5 NORTH SURREY FRASER HEIGHTS 689,979 205.1 -2.4 -5.5 -4.0 0.2 6.4 17.0 NORTH SURREY GUILDFORD 518,689 237.1 -0.8 -0.6 0.8 9.0 17.2 12.0 NORTH SURREY OTHER 424,624 220.7 5.3 -0.8 2.1 10.5 2.0 11.6 SURREY 548,132 227.8 0.7 -0.8 1.0 3.6 11.3 14.1 SURREY BEAR CREEK GREEN TIMBERS 542,257 219.7 -2.2 -0.8 3.7 2.3 8.4 12.2 SURREY EAST NEWTON 520,732 225.2 0.0 -0.8 2.0 3.6 10.3 12.1 SURREY FLEETWOOD TYNEHEAD 595,853 221.7 0.9 -3.7 -3.3 2.1 13.9 14.2 SURREY PANORAMA RIDGE SULLIVAN 601,081 218.6 0.5 0.1 2.0 0.6 1.0 10.3 SURREY QUEEN MARY PARK 502,538 235.6 4.5 2.4 4.9 8.7 17.6 16.8 SURREY WEST NEWTON 515,880 229.8 0.8 -0.1 -0.4 4.8 14.0 18.0 CLOVERDALE 555,806 218.5 -0.3 -0.5 -0.9 3.9 4.1 18.8 SOUTH SURREY & WHITE ROCK 872,987 264.8 -1.2 -0.6 8.4 21.3 22.5 29.6 SOUTH SURREY CRESCENT BCH OCEAN PRK 999,939 323.3 7.5 6.8 19.6 43.4 27.8 52.5 SOUTH SURREY ELGIN CHANTRELL 1,397,305 277.7 -9.9 0.8 -2.8 16.3 36.2 39.0 SOUTH SURREY KING GEORGE CORRIDOR 645,269 242.6 -0.6 6.0 11.1 21.6 29.9 22.1 SOUTH SURREY SOUTH-EAST 1,099,114 239.0 -3.2 -3.4 6.3 14.0 10.5 22.3 SOUTH SURREY SUNNYSIDE PARK 813,913 245.5 -3.2 -2.1 7.7 17.2 16.8 25.6 SOUTH SURREY WHITE ROCK 712,616 243.4 -2.0 -10.8 4.4 10.8 13.2 16.1 LANGLEY 517,530 209.8 -2.6 -0.8 0.1 1.7 6.2 10.6 LANGLEY ALDERGROVE 422,899 213.7 -5.3 0.9 0.6 7.1 8.9 6.0 LANGLEY CITY MURRYVL WILLOBY BRKSWD 534,240 225.1 -2.7 -0.9 0.0 2.7 4.5 12.8 LANGLEY WALNUT GROVE 544,328 195.6 -0.8 -1.5 0.0 -2.8 7.9 9.4 © Fraser Valley Real Estate Board All indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001 HPI Summary Page 1 of 2
  • 7. Housing Price Index - Fraser Valley October 2011 BENCHMARK INDEX ONE MONTH THREE MONTH SIX MONTH ONE YEAR THREE YEAR FIVE YEAR PRICE (HPI) % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE % CHANGE DETACHED ABBOTSFORD 422,894 212.4 -0.5 -1.3 -1.3 -1.7 0.7 7.8 continued ABBOTSFORD CENTRAL POPLAR 372,683 210.0 0.2 -4.2 -3.5 -1.1 0.7 7.7 ABBOTSFORD EAST 458,056 209.5 -2.1 -0.8 -0.7 -4.8 -1.6 7.2 ABBOTSFORD WEST 417,818 216.4 0.8 -0.1 -0.7 1.4 3.2 8.6 MISSION 347,497 206.2 0.4 -1.9 -1.1 -0.4 -5.6 4.5 TOWNHOUSE FRASER VALLEY BOARD 325,482 206.9 -0.6 -0.9 -2.3 2.0 2.0 9.1 NORTH SURREY GUILDFORD 301,492 258.4 2.8 8.8 3.5 10.7 2.4 16.4 SURREY 325,512 202.1 -0.4 -2.1 -5.2 1.3 2.1 11.1 SURREY FLEETWOOD 367,924 196.3 -3.2 -2.3 -3.7 -0.3 5.2 10.8 SURREY OTHER 308,371 204.6 0.9 -2.1 -5.8 2.0 0.7 11.2 SOUTH SURREY & WHITE ROCK 475,553 201.0 -1.6 -1.5 -1.2 5.6 7.5 14.4 LANGLEY 324,219 205.8 -0.5 -1.2 -2.6 2.9 1.9 9.4 ABBOTSFORD 268,487 198.3 -1.9 -2.2 -0.8 -3.4 -1.4 0.3 APARTMENT FRASER VALLEY BOARD 243,725 263.0 0.1 -1.7 -3.5 1.3 -0.8 7.8 NORTH SURREY 245,128 286.5 1.8 -0.7 0.0 7.0 0.7 11.6 NORTH SURREY WHALLEY 250,364 316.0 1.8 -1.2 3.1 12.2 8.9 9.2 NORTH SURREY GUILDFORD 240,645 262.2 1.8 -0.3 -2.6 2.5 -6.0 13.8 SOUTH SURREY WHITE ROCK 310,636 228.1 1.8 -1.5 -3.2 2.2 -7.1 5.8 LANGLEY 236,286 232.0 -2.9 2.0 -3.7 -2.0 1.9 8.1 ABBOTSFORD 209,252 287.4 -0.8 -5.4 -7.3 -2.8 0.4 4.9 ACREAGE FRASER VALLEY BOARD 822,323 243.2 -5.5 -4.6 1.7 -4.2 -1.2 3.4 SURREY, CLOVERDALE & N. SURREY 1,057,650 297.5 14.7 2.0 22.0 1.3 2.5 45.0 SOUTH SURREY & WHITE ROCK 1,370,278 346.6 11.4 4.5 27.8 12.1 28.7 55.6 LANGLEY 859,713 247.2 -7.4 -1.5 -5.7 -6.4 4.2 -2.4 ABBOTSFORD 892,852 253.2 -15.3 40.1 16.5 12.2 0.2 0.8 MISSION 414,978 167.4 -18.0 -40.4 -20.8 -22.7 -27.9 -31.0 © Fraser Valley Real Estate Board All indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001 HPI Summary Page 2 of 2
  • 8. Sales, Listings & Active Inventory, All Types, Fraser Valley Actives Listings Sales 14,000 12,000 10,000 8,000 6,000 6 000 4,000 2,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 0 2 3 4 5 6 7 8 9 0
  • 9. Sales-to-Active Listings Ratio, All Types, Fraser Valley 45 40 35 30 Sellers Market 25 20 Balanced Market B l dM k t 15 10 Ratio in 5 Buyers Market Oct: 11% 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
  • 10. Housing Price Index, Fraser Valley HPI - Detached HPI -Townhouse HPI - Apartment 300 275 250 225 ue 200 Housing Price Index valu 175 150 P 125 100 75 50 25 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
  • 11. Benchmark Price, By Type, Fraser Valley Apartment Townhouse Detached $600,000 $500,000 $400,000 $300,000 $300 000 $200,000 $100,000 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
  • 12. $ $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Average Price, residential detached homes, all Fraser Valley 2004 2005 2006 2007 2008 2009 2010 2011
  • 13. Annual Sales, New Listings, Average Price; All Property Types; Fraser Valley Sales New Listings Average Price 40 000 40,000 $500 000 $500,000 $450,000 35,000 $400,000 30,000 $350,000 25,000 $300 000 $300,000 20,000 $250,000 $200,000 15 000 15,000 $150,000 10,000 $100 000 $100,000 5,000 $50,000 - $- 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010